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Seventy shareholders of a large chemical plant entered into a pooling agreement to vote against the corporation's plan to acquire a smaller chemical manufacturing company.
- Seventy shareholders of a large chemical plant entered into a pooling agreement to vote against the corporation's plan to acquire a smaller chemical manufacturing company. On the day of the vote, 25 of the shareholders in the pooling agreement broke the agreement and voted for the acquisition. Brian, one of the shareholders in the pooling agreement who voted against the acquisition, said he was going to bring a lawsuit for breach of contract against the shareholders who broke the agreement. Can Brian expect to win such a lawsuit? Why or why not?
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